Imperial Equities Inc. Appoints David Majeski to Its Board of Directors

EDMONTON, May 3, 2016 /CNW/ - Mr. Sine Chadi, Chairman of the Board of Imperial Equities Inc. (TSX-V:IEI) ("Imperial or the Company") is pleased to announce that Dave Majeski has been appointed a director of Imperial Equities Inc.

In 2015, Mr. Majeski retired after 47 years of continuous service with the Royal Bank of Canada. He enjoyed a diverse career that included branch network and operations, human resources and commercial markets. Most recently he was the Vice President Real Estate and Construction Services in Edmonton and the market lead for Red Deer north which included north eastern British Columbia and the Territories.

"We are extremely pleased to have someone with Mr. Majeski's experience on the Board of Imperial," said Sine Chadi. "Dave's experience, principally related to the real estate industry and financing in particular, will greatly assist our Board as we focus on the growth of the Company."  

In addition to his extensive banking experience, Mr. Majeski is a graduate of the Institute of Corporate Directors – Rotman Directors Education Program. He is an active community member who serves on many not for profit boards including Northlands and the Edmonton Police Foundation. He also serves on special committees for organizations such as MacEwan University, the Glenrose Rehabilitation Hospital Foundation and the CASA Foundation (Child, Adolescent and Family Mental Health).

In 2013 Mr. Majeski was awarded an Honorary Bachelor Degree by MacEwan University and in 2015 he was inducted into the city of Edmonton Hall of Fame for his outstanding community service.  

Mr. Majeski's appointment has been approved by the Board of Imperial and is subject to regulatory approval.

About Imperial Equities Inc.:

Imperial Equities Inc. is based in Edmonton, Alberta.  A publically traded company anchored by commercial and industrial real estate properties in its targeted Edmonton and Alberta markets. Additional information is available at: www.imperialequities.com

Imperial's common shares are listed on the TSX Venture Exchange under the symbol IEI.

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Imperial Equities Inc.

Company Contact: Sine Chadi, CEO Imperial Equities Inc., Phone: [phone], Email: [email protected]